Funding you earn now, next payment 23:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.019%
Price spread now: Coinbase International against Bybit−0.050%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.050%, 7d avg +0.042%
=Funding pays, the price is against you. Coinbase International is 0.093% cheaper against Bybit than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.042%). If the spread goes back, that is −$9 on $10k: about 2.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.002% in total) that is about 11 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOGEUSDT | 0.09912 | 0.0100 | pay 0.0100% / 8h | 5m 25s | $155.9M | $434.4M | 75x |
| Short | Coinbase International DOGE-PERP-INTX | 0.09907 | 0.0240 | get 0.0030% / 1h | 5m 25s | $2.0M | $24.1M | 50x |
Bybit DOGEUSDT
Coinbase International DOGE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.4
- Price spread: −0.050% → +0.042%
- −$9.29
- Slippage, 4 orders
- −$11.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$12.48
- Costs to cover
- 0.326%
- Break-even
- 10.0 days
Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 4 min ago | 0.50 bp | 7.0 bp −$7 | 9.6 bp −$96 | 20.6 bp −$2,061 | 40.2 bp −$20.1K |
| Sell Coinbase International live order book, 4 min ago | 1.51 bp | 8.8 bp −$9 | 13.4 bp −$134 | 38.5 bp −$3,849 | doesn't fit |
DOGE on 44 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0214% | 8h | 0.09907 | −0.050% | $151.3M | $270.3M | 75x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.09908 | −0.042% | $393K | $4.8M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.09902 | −0.102% | $596K | $121K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.09911 | −0.007% | $24K | — | 150x | as long as short |
| Gate DOGE_USDT | +0.0069% | 8h | 0.09903 | −0.091% | $240.9M | $128.9M | 75x | as long as short |
| dYdX DOGE-USD | +0.0070% | 1h | 0.09904 | −0.085% | $222K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.09907 | −0.052% | $782K | $5.6M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0098% | 8h | 0.09914 | +0.020% | $958 | $394K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.09912 | 0.000% | $508K | $976K | 10x | as long as short |
| Aster DOGEUSDT | +0.0100% | 8h | 0.09904 | −0.078% | $4.8M | $46.0M | 75x | as long as short |
Bitget DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
Gate DOGE_USDT
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERP
Aster DOGEUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DOGE | +0.0100% | 1h | 0.09906 | −0.063% | $330K | $511K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.09913 | +0.010% | $314.4M | $1.38B | 75x | as long as short |
| Bybit DOGEUSDTlong | +0.0100% | 8h | 0.09912 | long leg | $155.9M | $434.4M | 75x | |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.09916 | +0.040% | $109.0M | $948.8M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.09920 | +0.081% | $28K | $82K | 10x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.09912 | 0.000% | $110.7M | $223.1M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.09916 | +0.040% | $65.5M | $42.1M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.09907 | −0.050% | — | $3.4M | — | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09893 | −0.190% | $994K | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09911 | −0.012% | $256K | $120.7M | 20x | as long as short |
| GRVT DOGE_USDT_Perp | +0.0100% | 8h | 0.09921 | +0.091% | $634K | $4.6M | 10x | as long as short |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09900 | −0.121% | $145K | $252K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.09908 | −0.041% | $255K | $556K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.09899 | −0.131% | $72K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.09898 | −0.141% | $24K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.09900 | −0.116% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.09904 | −0.081% | $2K | $3.6M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.09897 | −0.150% | $5.9M | $52.1M | 75x | as long as short |
| Phemex DOGEUSDT | +0.0100% | 8h | 0.09911 | −0.010% | $91.6M | $19.2M | 50x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.09909 | −0.031% | $380K | $12K | 10x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.09905 | −0.069% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.09908 | −0.045% | $520K | $3.7M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.09900 | −0.119% | $19K | — | 3x | as long as short |
| Kraken Futures PF_DOGEUSD | +0.0106% | 1h | 0.09906 | −0.061% | $5.9M | $33.6M | 50x | as long as short |
| Reya DOGERUSDPERP | +0.0180% | 1h | 0.09912 | +0.005% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0216% | 1h | 0.09919 | +0.067% | $524 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.09910 | −0.020% | $15.2M | $25.2M | 75x | as long as short |
| Phoenix DOGE | +0.0239% | 1h | 0.09916 | +0.042% | $66K | $281K | 10x | as long as short |
| Coinbase International DOGE-PERP-INTXshort | +0.0240% | 1h | 0.09907 | −0.050% | $2.0M | $24.1M | 50x | |
| GMX DOGE/USD [ETH-USDC] | L +0.0243% / S −0.0262% | 1h | 0.09895 | −0.167% | $304K | — | 200x | as long as short |
| Backpack DOGE_USDC_PERP | +0.0309% | 1h | 0.09914 | +0.020% | $383K | $1.1M | 15x | as long as short |
| RISEx DOGE/USDC | +0.0708% | 1h | 0.09920 | +0.081% | $313K | $477K | 10x | as long as short |
| Hyperliquid DOGE | +0.0819% | 1h | 0.09926 | +0.140% | $116.0M | $90.3M | 10x | as long as short |
| Injective DOGE/USDC PERP | +0.1039% | 1h | 0.09930 | +0.182% | $5K | $239K | 12x | as long as short |
Pacifica DOGE
Binance DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Variational Omni DOGE
edgeX DOGEUSDC
GRVT DOGE_USDT_Perp
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Phemex DOGEUSDT
Bulk DOGE-USD
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Kraken Futures PF_DOGEUSD
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
Backpack DOGE_USDC_PERP
RISEx DOGE/USDC
Hyperliquid DOGE
Injective DOGE/USDC PERP